TAMAN PELANGI

TAMAN PELANGI in Timur Laut, Penang recorded 9 subsale transactions in 2024, with a median price of RM 270K and a median price per square foot (PSF) of RM 348.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 270K, with most transactions falling within a stable range of RM 223K to RM 318K, and a typical market range of RM 223K to RM 317K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM 348, with most transactions between RM 323 and RM 374. The usual range is RM 322.00 to RM 374.00, showing that most units are priced quite close to each other. With an IQR of RM 52.00 and MAD of RM 26, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.